Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$260,264$211,050
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.320%
Blended rate7.270%7.560%
1st payment$1,714.21$1,449.77
2nd payment$0.00$0.00
Taxes / mo$258.83$258.83
Insurance / mo$150.00$150.00
MI / mo$121.51$42.21
HOA / mo$0.00$0.00
Total monthly$2,244.55$1,900.81
Cash to close$0$23,450